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Finance & Economy

5 million masks produced per day in Morocco

The Minister of Industry, Trade and Green and Digital Economy Moulay Hafid El Alamy (MHE) held a meeting this Monday with a representation of the Confederation of Pharmacists Unions of Morocco (CSPM) and the Moroccan Association of Distributors Pharmaceuticals (AMDP). On both sides, several points which have remained unclear for …

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Mines: Emmerson Plc still awaiting license

Emmerson Plc, a company specializing in mineral exploration, began work on an environmental and social impact study last January for the deposit located in Khemisset. The company is awaiting an operating permit to start operations on the site. The permit is expected to be issued in the second half, they …

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Covid-19: OBG analyzes industry adaptation in Morocco

The Covid-19 has a strong impact on the industrial sector, but the crisis is also preserving certain branches which have been able to adapt their production. This is the case for many companies which have oriented their activity towards the production of medical equipment (masks, gloves, medical textiles). In a …

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Covid-19: EIB supports private sector in Morocco

The European Investment Bank (EIB) is supporting the national private sector in the face of the new coronavirus Covid19 pandemic. The financial institution announced on Wednesday support for the private sector, notably through its lines of credit with Moroccan financial institutions, whose outstanding amount to date stands at 440 million …

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Glovo and Marjane team up for home delivery

Glovo announces the signing of a partnership with the leader of mass distribution in Morocco Marjane. Glovo thus continues its responsible commitment to support Moroccans during the confinement period, and now ensures home delivery of everyday consumer products from Marjane, such as fruit & vegetables, bakery, dairy products, groceries, and …

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S&P: Morocco preserves investment grade

S&P has just confirmed Morocco’s investment grade rating. The country keeps the rating “BBB- / A-3”, with a stable outlook. Moody’s had recently maintained the sovereign rating at Ba1-stable. Rating agencies believe in Morocco’s ability to rebound quickly after the health and economic crisis linked to the coronavirus. “The stable …

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